Nicholas Company Inc. cut its stake in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,163 shares of the company's stock after selling 5,594 shares during the quarter. Nicholas Company Inc. owned about 0.18% of Construction Partners worth $9,126,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in ROAD. Principal Financial Group Inc. grew its position in Construction Partners by 4.1% during the third quarter. Principal Financial Group Inc. now owns 40,215 shares of the company's stock worth $2,807,000 after buying an additional 1,596 shares during the period. KBC Group NV boosted its stake in shares of Construction Partners by 35.0% during the 3rd quarter. KBC Group NV now owns 1,417 shares of the company's stock worth $99,000 after acquiring an additional 367 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Construction Partners by 8.0% in the 3rd quarter. Pathstone Holdings LLC now owns 61,717 shares of the company's stock worth $4,308,000 after acquiring an additional 4,587 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Construction Partners in the 3rd quarter worth approximately $10,377,000. Finally, Advisors Asset Management Inc. increased its stake in Construction Partners by 3.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 75,749 shares of the company's stock valued at $5,287,000 after purchasing an additional 2,647 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.
Insider Transactions at Construction Partners
In related news, CAO Todd Keith Andrews sold 5,489 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $91.84, for a total transaction of $504,109.76. Following the transaction, the chief accounting officer now directly owns 17,394 shares in the company, valued at approximately $1,597,464.96. This represents a 23.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.36% of the company's stock.
Construction Partners Trading Up 0.3 %
Shares of ROAD traded up $0.22 on Thursday, hitting $76.16. 404,120 shares of the stock traded hands, compared to its average volume of 420,583. Construction Partners, Inc. has a 1 year low of $49.16 and a 1 year high of $103.69. The stock's 50 day moving average is $78.64 and its two-hundred day moving average is $81.26. The firm has a market capitalization of $4.26 billion, a P/E ratio of 71.18, a P/E/G ratio of 0.99 and a beta of 0.79. The company has a quick ratio of 1.23, a current ratio of 1.54 and a debt-to-equity ratio of 1.46.
Analyst Ratings Changes
A number of research firms have commented on ROAD. DA Davidson reiterated a "neutral" rating and set a $95.00 target price on shares of Construction Partners in a research report on Thursday, January 30th. Raymond James lowered their price objective on shares of Construction Partners from $112.00 to $104.00 and set a "strong-buy" rating on the stock in a research note on Thursday, January 16th. Finally, Robert W. Baird lifted their target price on shares of Construction Partners from $100.00 to $102.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.40.
Check Out Our Latest Report on ROAD
Construction Partners Company Profile
(
Free Report)
Construction Partners, Inc, a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments.
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